"Carbon Army" Investment Is Key To Economic Stimulus
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A growing “carbon army” has received official support for
major investment, announced in the U.S. and Great Britain,
The carbon army consists of environmentalists, bankers and
investors who see this not just as a way to boost sinking economies, but also
as an opportunity to promote investment in renewable energy projects.
During times of economic downturn, spending on infrastructure
can heighten demand, provide work, and help avert a depression, as evidenced by
President Franklin D. Roosevelt’s New Deal in the 1930s.
Renewable infrastructure projects proposed for the carbon
army project include wind and solar farms and efficiency programs to curb
“You’re going to have a classic green stimulus, and when you
talk about infrastructure it’s about renewables, it’s the power grid, the water
sector, buildings, energy efficiency and public transport,” said Mark
Fulton, global head of climate change investment research at Deutsche Bank.
A $3.3 trillion bank bailout pledged recently by the world’s
governments contrasts with the lower costs of investments that could cut the
world’s energy demands and carbon emissions at this time of dwindling resources
and rising populations, Reuters